Trade Resources Industry Views Giga Solar Materials Corp. Will Add Production Lines

Giga Solar Materials Corp. Will Add Production Lines

Giga Solar Materials Corp. will add production lines at its photovoltaic conductive-paste plant in the Southern Taiwan Science Park to cope with booming orders from solar-energy equipment manufacturers.

Industry executives pointed out that Giga Solar becomes the first Taiwanese manufacturer in the PV industry to boost output in this round of business-cycle upturn. Giga Solar has commanded over 90% of Taiwan’s market for the conductive pastes.

They estimated the company’s earnings for the fourth quarter of 2012 to leap, citing a 41% month-on-month increase in revenue the company achieved in October. The company had revenue of NT$258 million (US$8.8 million at US$1: NT$29) in October, increasing 38% year on year.

The company has recently penetrated supply chains of solar-equipment manufacturers in mainland China and Japan.

It is understood that the company’s front-side paste, back-side paste and aluminum paste are around 20% lower in pricing than that offered by its competitors, making the company competitive in the market.

In the third quarter of 2012, the company earned NT$2.02 per share in after-tax net income, which helped swell the company’s earnings for the first three quarters to NT$11.67 per share.

Source: http://www.cens.com/cens/html/en/news/news_inner_42143.html
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Giga Solar Boosts PV Paste Output Amid Market Recovery
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